Cryptonews

This very week, the purveyors of Galaxy Digital have declared, with a flourish befitting a magician pulling rabbits from hats, that they have traded a staggering 80,000 Bitcoin (an ornamented fable worth more than $9.4 billion) through the esoteric labyrinth of over-the-counter (OTC) transactions. Yet lo and behold, CryptoQuant’s very own oracle of truths, Ki Young Ju, insinuates that these Bitcoins might not belong to your neighborhood hodler but could, instead, be the relics of an ancient robbery! 🔎💰

On July 25th, Galaxy Digital announced they handled the sale of more than 80,000 Bitcoin for a wallet that’s probably older than my last relationship. They dubbed it “one of the largest notional Bitcoin transactions ever.” Oh, how thrilling—nothing says excitement like moving digital money around. 🙄

Well, what do we have here? Fitch Ratings has decided to play the grim reaper, slicing Finland’s long-term foreign-currency issuer rating from the cherished “AA+” down to the humble “AA,” citing a rise in government debt and the delightful lack of measures to control spending. Now, if you enjoy the thrill of watching a country’s … Read more

But hey, before you start hoarding canned beans and building a bunker, let’s talk on-chain data. Traders are apparently having a field day, repositioning faster than a cat on a hot tin roof. 🏃‍♂️💨 Is this a trend reversal or just a dramatic pause? Only the blockchain knows for sure. 🤷‍♀️

In a tweet that would make a tsar’s courtiers gasp, Winklevoss alleged JPMorgan paused Gemini’s re-onboarding after he critiqued their new fees for fintech data access. “My tweet struck a nerve,” he declared, as if he’d just published a scathing satire of the Czar’s new mustache. “JPMorgan, in their infinite wisdom, decided to retaliate by… pausing our re-onboarding. Revolutionary, I know.”

He had a little chat about how, after Ripple snagged prime broker Hidden Road (not a bad pickup at the finance supermarket, right?), institutions can now waltz in and grab a one-stop-shop service—just like a buffet, but with trade execution, clearing, custody, and credit. Who doesn’t love a good buffet? 🍽️

With debt piling up like a bad buffet, folks are scrambling for lifeboats. Traditional safety nets? Shaky as a three-legged chair. Enter crypto—the shiny new lifeboat everyone’s eyeing. But is it the Titanic or the Mayflower? 🛳️🤔

Our friends at Santiment, those data wizards, have reported that the “Network Growth” of XRP has been traipsing along at an alarmingly high rate. “Network Growth,” they say, is merely a posh term for the daily parade of addresses shuffling onto the network for their very first rendezvous. Almost poetic, isn’t it? 😌

Bitcoin, that capricious old fellow, recently burst past all previous limits, soaring above $123,000—like a bird that finally found its wings, or perhaps a drunkard grabbing the nearest barrel. The classic cycle from bottom to peak supposed to last exactly 1,070 days—like clockwork, or so they say. If history insists on repeating itself, we’re in for a marathon that might last until October 20, 2025—meaning our beloved bull isn’t quite ready to hang up its hat. 🐂⏳

Now, back in May, they went and snagged themselves a cool $50 million Equity Line of Credit from LDA Capital, which is about as encouraging as a gold star on a report card. This sum is set aside to fuel their grand plans for XRP acquisition, as if they were preparing for some sort of cryptocurrency hoedown. And let me tell you, they intend to raise more capital faster than a cat can lick its ear! 🐱